Business briefs


POSTED: Thursday, December 24, 2009

HSTC names Dancil new president

The Hawaii Science & Technology Council announced yesterday that Keiki-Pua Dancil is the new president and chief executive officer of HSTC and its sister organization, the Hawaii Science & Technology Institute, effective Jan. 1.

Dancil replaces outgoing HSTC/HSTI founder and President Lisa Gibson, who has been an advocate for Hawaii's high-tech industry for many years. Gibson will continue to consult with the organization and work closely with Dancil during the transition.

Dancil, a Kamehameha Schools graduate, holds a doctorate in chemistry from the University of California, San Diego, and an MBA from Harvard Business School.


More discovery ordered in land tiff

A federal judge has ordered additional discovery to determine the intent of original ground-lease contract terms between real estate investor HRPT and its lessees.

HRPT had filed a suit in U.S. District Court to declare Act 189 as unconstitutional. The act, which was passed by state legislators earlier this year, calls for the state's largest owner of industrial and commercial land to negotiate “;fair and reasonable”; rents.

The state and a coalition of businesses with long-term ground leases in Sand Island, Mapunapuna and Kalihi Kai filed motions against HRPT's efforts to have Act 189 declared unconstitutional. They say HRPT's nearly three-year quest to get lessees to agree to new lease terms and above-market rates violates the law.

After hearing arguments by the parties on cross-motions for summary judgment, Chief Judge Susan Mollway denied the motions and ordered all parties to review the original intent of the term “;fair and reasonable”; as it appears in these leases.


CFO's package at GM worth millions

DETROIT » The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million worth of stock starting in 2012 if GM successfully sells shares to the public.

Chris Liddell's pay package exceeds the limits imposed on companies that have received U.S. government aid, but an exemption was worked out with government pay czar Kenneth Feinberg, GM said in a government filing yesterday.


Apple CEO Jobs gets usual $1 salary

SEATTLE >> Apple Inc. Chief Executive Officer Steve Jobs was paid his customary $1 annual salary in 2009, but Apple's strength through a rough economic climate returned the value of his personal holdings in the company to pre-meltdown levels.

Jobs, 54, holds 5.5 million shares of Apple's stock. He has not sold any shares since he rejoined the company in 1997, nor has he been awarded any new equity since 2003.

He is also the largest individual shareholder of The Walt Disney Co. His 7.4 percent stake is currently worth about $4.5 billion.


On the move

;  » PacRim Marketing Group has promoted Saiko Nozaki to producer and new media marketing manager from editor/manager of Hawaii Arukikata, PacRim Marketing Group's commercial online Japanese Web portal site. She has more than 18 years of professional writer and translator experience, including freelance writer for East West Journal and Yomiuri America.

» Kahala Nui has announced the following promotions and new hire:

» Wendy Takeshita Wong to executive director of Kahala Nui. She has more than 33 years of administrative/ health care knowledge and experience.

» Sue Radcliffe to administrator for Hiolani Care Center. She joined Kahala Nui in 2005.

» Michael Warren as Hiolani Care Center's director of nursing for Hiolani Comprehensive Nursing. He has 30 years of health care and administrative experience, including chief community officer of St. Francis Healthcare System of Hawaii.

» Randy De Vera to assistant administrator of Hiolani Care Center from director of assisted living and memory support. He was previously in management positions in the hotel and airline industry.

» Brenda Falany to director of assisted living and memory support. She has been with Kahala Nui since 2005.